This is a common problem. Here are some solutions (some more obvious and some less): 1. Make sure you hire skilled workers. This can be done by using service providers who you reached through recommendations (preferably from people that you know) and if you don't have any other choice: then base...
Great Question! As per Allied Market Research, the fitness equipment market size was valued at $11.5 billion in 2019 and is projected to reach $15.2 billion by 2027. The COVID-19 outbreak has indeed shaken up the health and fitness industry in a way no one could have imagined a few years ago. T...
Currently, there is no free or paid tool that can keep track of leads a vendor gets and automatically charge them. You will have to create it yourself if you have coding knowledge or hire someone with experience in tracking. Homeadvisors between $15 to $60 per lead which is an effective way of g...
Two sided marketplaces are a very common type of MVP to build. Using no code (shopify, wordpress, bubble) can get you some traction and gets you some amount of painted doors (someone knocks on the door, but it's not real, at least you know how many people knocked). This can work for a month or ...
Correction to Airbnb example: (it is 3% to the host and between 6 and 12% to the renter. If the 'supply side' gets 100% payment, there is no incentive for 'supply' to encourage going around the service especially since they receive benefits of secured bookings and payments. With freemium like ...
No matter if you are creating a physical or webbased marketplace, the used car market is crowded. So you need to stand out. So you need to explain exactly what value you are creating for the suppliers. Parameters could be: - Convenience: Easy to set up a profile or deliver your car. - Best price...
Hello: Great that you have some traction in this marketplace. Now you’re looking to grow. Your best resources for determining where expansion makes sense are your current customers. They know you, know what you offer and hopefully have a level of comfort with your business. So reach out and: * co...
it totally depends on what your site is built in? Let us know
Hi, I've got a considerable amount of experience in assisting my clients with understanding what they are up against for many kinds of projects, so let me clarify the "It Depends" answer with some rough estimate $ Figures. For a Wordpress experience where you take an exiting Wordpress website te...
There are legal, regulatory and risk implications to retaining and handling funds as a marketplace. The good thing is with marketplace platforms becoming more mainstream, the payment solutions ( such as Stripe, BrainTree, WePay etc) have also evolved to support their unique needs/services provi...